Fmr LLC Makes New $323.58 Million Investment in Curbline Properties (NYSE:CURB)

FMR LLC bought a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,935,165 shares of the company's stock, valued at approximately $323,575,000. FMR LLC owned approximately 13.27% of Curbline Properties as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in Curbline Properties during the fourth quarter worth $29,000. Smartleaf Asset Management LLC bought a new stake in shares of Curbline Properties during the 4th quarter worth $31,000. Quadrant Capital Group LLC purchased a new position in shares of Curbline Properties in the 4th quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties during the fourth quarter valued at about $62,000. Finally, Vestcor Inc purchased a new stake in Curbline Properties during the fourth quarter worth about $73,000.

Wall Street Analyst Weigh In

CURB has been the subject of a number of research reports. Morgan Stanley started coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price for the company. Piper Sandler increased their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Compass Point raised their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Price Performance

Shares of NYSE CURB traded up $0.10 during mid-day trading on Wednesday, hitting $22.89. The company had a trading volume of 103,849 shares, compared to its average volume of 638,947. Curbline Properties has a 1 year low of $18.80 and a 1 year high of $25.69. The stock's 50-day moving average price is $23.83 and its 200-day moving average price is $23.71.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Equities research analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.80%. The ex-dividend date was Friday, March 14th.

Curbline Properties Profile

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.